• The Norwegian Krone rallied to a 3-week peak as crude oil prices gained on falling in U.S. crude stockpiles.
   
• Crude oil price surged to a 1-week peak as a sharp decline in oil stockpiles outweighed concerns over a spike in U.S. coronavirus infections.
   
• U.S. Energy Information Administration data showed U.S. crude inventories fell 7.2 million barrels from a record high last week, as refiners ramped up production and imports eased. 
   
• However, gasoline stockpiles were higher despite expectations of a drop. 
   
• USD/NOK trades 0.3 percent lower at 9.4836, having touched a low of 9.4365 earlier, its lowest June 11. 
   
• On Wednesday, the pair declined below major support 200-DMA to close at 9.5137.
   
• Immediate resistance is located at 9.5716, close above could take it till 9.6008.
   
• On the downside, support is around 9.3775, break below could take it till 9.3263.